There is still time to act. If you want to reduce your 2022 income taxes due in the spring of 2023, you should position yourself in one or more tax-exempt investments by the end of the year. For this, you can use two types of levers.
The first lever directs you to a product that allows you to deduct invested amounts from your taxable income. The tax savings depend on your marginal tax bracket, which is the highest your income is subject to (30, 41 or 45%). These products are most attractive to large taxpayers as they bypass the general tax gap ceiling and reduce the withholding tax rate. The second lever is to subscribe to a tax-deductible investment. The tax benefit is then the same for everyone. But you will have to wait until the summer of 2023 for the tax authorities to reimburse you for the tax reduction, after deducting any deposit you may have received in January.
All these investments involve a dose of risk, an eventual loss can wipe out all or part of the tax gain. They all lock in your savings for several years. Here are the criteria to know to choose the investments that best suit your needs… and the risks you’re willing to take.
Source: Le Figaro
